Westpac Altitude Business Gold Credit Card – Rates and Fees

Earn rewards on your business expenses, enjoy complimentary insurance and save with interest-free days with the Westpac Altitude Business Gold credit card.

You are given plenty of flexibility for your business needs when you sign up for the Westpac Altitude Business Gold credit card. A Visa card to take care of your everyday purchases, and the power of American Express to cover you in an emergency comes with this offer. With both earning points on every purchase, your business spending is set up to take you places. Apply now and pay no interest on your purchases and/or annual fee for the first year.

Product NameWestpac Altitude Business Gold Credit Card
Rewards ProgramWestpac Altitude Rewards
Balance transfer rate (p.a.)4.99% p.a. for 12 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (20.24% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)0% p.a. for 12 months (reverts to 20.24% p.a.)
Offer end date28 March 2018
Annual fee$0 p.a. annual fee for the first year ($150 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 45 days on purchases
Cash advance rate (p.a.)20.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
Card TypeAmerican Express/Visa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Foreign Currency Conversion Fee (AMEX)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.5% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$30,000
Minimum Age18 years of age
Available To Temporary ResidentsYes
Credit Rating RequirementGood
Joint ApplicationNo
Annual fee$0 p.a. annual fee for the first year ($150 p.a. thereafter)
Minimum Monthly Repayment3% of the closing balance or $10 (whichever is greater)
Late Payment Fee$15
Cash Advance Fee2% of the value of the transaction or a minimum charge of $2.50
Overseas Cash Advance Fee2%
Foreign Currency Conversion Fee
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You'll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
of transaction value
Gambling Transactions AllowedYes
Additional Cardholder Fee$0
Number of Additional Cardholders1


  • Pay no annual fee in the first year.
  • This card comes with a balance transfer offer of 4.99% p.a. for 12 months.
  • Take advantage of the introductory purchase rate of 0% p.a. for 12 months.
  • This card provides a credit limit of up to $50,000.
  • Credit card types include American Express and Visa, which give you more chances to earn rewards.


  • This card imposes a 20.24% p.a. interest rate on purchases.
  • You can only enjoy an interest-free period of up to 45 days.
Rewards ProgramWestpac Altitude Rewards
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap20,000
Rewards Points per $ spent (AMEX)2
Rewards Points per $ (AMEX) Cap20,000

Westpac Altitude Business Gold credit card review

Receive your Westpac Altitude Business Gold credit card ending by 28 March 2018 and you qualify for 0% p.a. interest on all of your purchases made with either card. You will also find that the $150 annual fee is waived for the first year. This account also includes two cards that are linked to your Altitude Rewards account, earning you points towards flights with various airlines, merchandise, or even special items for your business. Included with the cards are a number of insurance covers, both for travel and purchase protection. There are also special covers designed to cover the special needs that a business has. This is a card meant for business purposes, but the primary account holder is still personally liable for its use.

Benefits of using a Westpac Altitude Business Gold credit card

Both you and your business benefit can benefit from the following perks:

  • Rewards program. Points are earned with both cards, 1 Altitude Point for each dollar spent on the Visa card and 2 Altitude Points when you spend a dollar on the American Express card. You can even earn up to 3 points when you make purchases at participating bonus partner stores. There is a cap of 20,000 points per statement period, which includes the combined total of points earned from both cards. Any bonus points earned are not included in the cap.
  • Rewards redemption. Once you have earned at least 3,000 points you can start thinking about how to spend them. Points are good towards special business needs like office technology. They can also be used to cover travel expenses, merchandise or converted to cash and deposited into your superannuation account. If you like discounts on flights you have your choice of six different Frequent Flyer programs including; Qantas, Virgin Australia’s Velocity, Malaysia Airline’s Enrich, Air New Zealand Airpoints, Singapore Airlines KrisFlyer and Cathay Pacific AirMiles.
  • Complimentary insurance. When you purchase tickets for travel overseas, you and your family are covered with overseas travel insurance and transit accident insurance. Purchases made with your cards are also protected with an extended warranty and against theft, loss or breakage. Plus the Guaranteed Pricing Scheme will pay you the difference if you buy an item that you find cheaper somewhere else at a later date. Conditions to all of the insurance covers do apply, and can be found through the Westpac website.
  • Business insurance. Complimentary insurance covers for your business are also provided by Westpac Altitude Business Gold credit card. Unauthorised transaction insurance protects you against any unauthorised transactions made by cardholders in a 12-month period. The protection provides up to $20,000 per cardholder and $150,000 per account holder. If your business is invaded during normal working hours Business Inconvenience Insurance will cover up to $10,000 and up to $10,500 to cover the expense of recruitment if a cardholder is unable to return to work.
  • Interest-free days. After the introductory interest-free period is over, you will still get 45 interest-free days on purchases so long as you are able to pay the closing balance in full by the due date shown on your statement.
  • Samsung pay. You can use your Samsung device to make contactless payments when you link your Westpac card with Samsung Pay.

Features of the Westpac Altitude Business Gold credit card

As you examine various business credit card, you are going to note that the features will vary among the various banks:

  • Annual fee. The annual fee for the card is $150, but that is waived for the first year if you apply online and your card is activated before 28 March 2018.
  • Balance transfer offer. If you're looking to consolidate debt, you can take advantage of a low promotional balance transfer offer of 4.99% p.a. for the first 12 months.
  • Card security. This credit card utilise the latest technology when it comes to protecting you from fraud. In addition to being embedded with a chip, it is also equipped with a 24/7 fraud monitoring and Cardshield.
  • Contactless technology. For purchases under $100, you can pay at the check-out without ever having to swipe your card or sign a receipt.
  • Purchase rate. 20.24% p.a. after the 12-month interest-free period ends.
  • Interest rate for cash advances. Pay 20.74% p.a. interest on the balance of any cash advances.
  • Cash advance fee. A 2% of the value of the transaction or a minimum charge of $2.50 will be added to your balance with each cash advance transaction.
  • Credit limit. Depending on your financial background, you can be granted a credit limit of anywhere between $1,000 and $50,000.
  • Foreign transaction fee. Purchases made where the currency needs to be converted to the Australian dollar (AUD) will incur an additional 3% charge of the AUD amount when the Visa is used, and 3.5% with the American Express.
  • Card type. This account includes both a Visa credit card and American Express.

How to apply for the Westpac Altitude Business Gold credit card

If you like the idea of two cards to earn rewards and take care of your business needs, simply fill out your details on application form found on the secure application page.

Eligibility criteria

There are some eligibility requirements you should check before proceeding:

  • Although this is a personal liability account, it is only available for business use.
  • You will need to be at least 18 years of age to be considered by Westpac.
  • The Altitude Business Gold credit card are only available for permanent Australian residents.
  • You should be able to show that you earn at least $30,000 a year.

Required documents

As you fill out the application, having the following documentation readily available will help to make it go more quickly:

  • Either the Australian Business Number (ABN) or Australian Company Number (ACN) will have to be provided.
  • Your monthly after tax personal income
  • A valid Australian driver’s licence number
  • The name and contact information for your accountant
  • The business income and expenses as shown on your last tax return
  • The details of your current debts and other liabilities

Simplify your business finances with a pair of credit cards that not only give you flexibility with your spending, they reward you for your purchases. Act fast and you can also save on interest costs and the annual fee.

Frequently asked questions

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    32 Responses

    1. Default Gravatar
      July 5, 2015

      I have an altitude black card with Westpac. Will I be able to have an altitude business card,if I am exclusively an employee of a large business group,but own no business firm of my own. I don’t even have an ABN.

      • Staff
        SallyJuly 6, 2015Staff

        Hi Mathew,

        Thank you for your comment.

        You need to quote your ABN or ACN of your company during your application, so you can only use the card if you have one of these.

        As a business card, the Gold card comes with a higher annual fee and rates than a personal credit card. Business credit cards can also only be used for business-related purchases and transactions.

        You would need to discuss the possibility of using a Westpac Altitude Business Gold credit card with your managers and employers before applying for the card.

        I hope this has helped.



    2. Default Gravatar
      ThomasJuly 3, 2015

      Hi, Can I get more than 1 additional card holder for the Business Altitude Gold/Platinum?

      • Staff
        SallyJuly 3, 2015Staff

        Hi Thomas,

        Thank you for your comment.

        No, you can only get one additional cardholder with either of those cards.

        I hope this has helped.



    3. Default Gravatar
      andrewApril 29, 2015

      Can i swap from Platinum Altitude card to the Business Gold Altitude card for both me and my wife? I have an abn and registered business

      • Staff
        JonathanApril 30, 2015Staff

        Hi Andrew, thanks for your inquiry!

        Changing Westpac credit cards can be done via online banking, calling the customer service team or visiting a Westpac branch. Please refer to the link I have sent to your email for the details on changing your card via these methods.



    4. Default Gravatar
      TroyAugust 15, 2014

      Can I get this card? as I have an ABN, but my main source of income is not from my business, but from my employer.

      • Staff
        ShirleyAugust 18, 2014Staff

        Hi Troy,

        Thanks for your question.

        Yes you can still apply for this card. Please note that other eligibility requirements apply.

        All the best,

    5. Default Gravatar
      MiriMarch 23, 2014

      I took out a Westpac Gold card many many years ago. Somewhere in the fine print at the time, it said that if a certain amount was spent per month,( and I mean around $17000) the annual fee of $150 would be deducted. I remember reading this, but can no longer find the paperwork. If you can find this detail, I will be totally grateful.

      • Staff
        JacobMarch 24, 2014Staff

        Hi, Miri.

        Unfortunately, I’m unable to get access to this information. I’ll have a look across the internet and I’ll be in touch if anything comes up.

        Thanks for your question.

    6. Default Gravatar
      PamelaOctober 23, 2013

      Does one Altitude Point = one Qantas Frequent Flyer point?

      • Staff
        JacobOctober 23, 2013Staff

        Hi Pamela.

        Thanks for your question.

        Westpac do not currently allow you to transfer your Altitude Points to the Qantas Frequent Flyer Program. You can find out which frequent flyer programs you can transfer your Altitude points to on this page.

        I hope this helps.

    7. Default Gravatar
      brettMay 19, 2013

      Hi. I want to run my business all by credit card and receive rewards points when I spend. We currently turn over approx 400,000 per year. So, I just want some advice on the best reward cards but probably not American Express as a lot of suppliers do not except AMEX or have charges for them. Thanks.

      • Staff
        JacobMay 20, 2013Staff

        Hi Brett. Thanks for your question. The card that is right for you will depend on a number of factors, but when talking about rewards – if you’re spending approx. $400K a year through your business, you may want to consider a business card with uncapped points earning. Please check the business credit card comparison page for information about business credit cards. Out of the cards we compare, the ANZ Business One Visa Rewards Visa and the NAB Qantas Business Card have no points capping (and are not American Express). Putting aside the rates of interest and other features offered with these cards, the main difference is the NAB card is a direct earn product for the Qantas Points for their Frequent Flyer Program while the ANZ card earns ANZ Rewards. You can check the conversion rates between the ANZ Rewards Program and other frequent flyer programs here.
        Let us know if you need more information. Jacob.

    8. Default Gravatar
      FionaMay 15, 2013

      I have purchased on my Business Altitude Gold mastercard, a return air ticket to USA for myself using altitude points (290,000pts) + pay (amount $1300). Also purchased and fully paid for return air tickets for my spouse (secondary cardholder) and daughter on the same card – are we all covered by the Complimentary Travel Insurance?
      Do I have to pay for other trip related costs such as accommodation to meet the requirements of the complimentary travel insurance? Lastly, are we covered for car rental insurance while overseas and is this only valid if the primary cardholder is driving? And do we have to pay for this on the same card to qualify?
      Thank you

      • Staff
        JacobMay 15, 2013Staff

        Hi Fiona. Thanks for your question. You and your family are covered if you each put at least $500 of your prepaid travel expenses on your card account – this includes the use of points too – you all have to be travelling together for the entire journey for the cover to apply.

        Regarding the rental vehicle excess cover. The following is taken from the policy document, which I have sent to your email, ‘We will reimburse you for any insurance excess or deductible
        which you become legally liable to pay in respect of a claim under the comprehensive insurance policy of the rental vehicle during the rental period provided:
        ? the rental vehicle must be rented from a licensed rental agency; and
        ? the cardholder was operating the rental vehicle within the local laws of the country/city; and
        ? the hiring agreement must incorporate the standard comprehensive motor insurance normally provided by the rental agency covering loss or damage to the rental vehicle; and
        ? you must comply with all the requirements of the rental organisation under the hiring agreement and of the rental vehicle insurer.’

        Hope this helps. Jacob.

    9. Default Gravatar
      GeorgieMay 10, 2013

      Hi ,
      With the introduction of points capping in a month or so, which would be a good card for maximum or no capping of business cards and reasonable annual fees.

      • Staff
        JacobMay 11, 2013Staff

        Hey Georgie. This page has a comparison of cards with no points capping. Jacob.

    10. Default Gravatar
      maryApril 29, 2013

      Hi, The description mentioned that your ‘altitude points’ can be redeemed for frequent flyer points in five other frequent flyer programs.
      what is the ratio of points to velocity frequent flyer.

      ie: is 1 altitude point equivalent to 1 velocity point?


      • Staff
        JacobApril 29, 2013Staff

        Hi Mary. Good question. This page has the answer you need – A Guide to Transferring Frequent Flyer Points – it outlines the various rewards programs and the transfer rates to different frequent flyer programs. Jacob.

    Credit Cards Comparison

    Rates last updated February 25th, 2018
    Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
    American Express Velocity Escape Card
    20.74% p.a.
    0% p.a. for 12 months with 1% balance transfer fee
    $0 p.a.
    Receive a bonus 12,500 Velocity Points, pay a $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
    NAB Premium Card - Exclusive Offer
    19.74% p.a.
    0% p.a. for 25 months
    $90 p.a.
    Exclusive to finder.com.au, enjoy a 0% BT fee, 0% balance transfer offer for 25 months and seven complimentary insurance covers.
    St.George Vertigo Platinum - Online Offer
    12.74% p.a.
    0% p.a. for 24 months
    $99 p.a.
    Platinum card benefits including complimentary insurance, plus 0% p.a. for 24 months on balance transfers (with no BT fee). Ends 28 February 2018.
    Westpac Low Rate - Online Offer
    13.49% p.a.
    0% p.a. for 30 months with 2% balance transfer fee
    $0 p.a. annual fee for the first year ($59 p.a. thereafter)
    Take advantage of 0% p.a. for 30 months on balance transfers with a 2% balance transfer fee when you apply online by 28 February 2018.

    Compare up to 4 providers

    * The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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